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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 30, 1994
Page
6
Closing prices and quotes for financial instruments as of June 29 1994. Provided by Ron Campbell Investment Planning and Robert Thomas Securities. Includes market values, shifts, and brief financial context for investors.
The New York market closed mixed as the dollar fell to new lows against the yen. Blue chips briefly surpassed 20 points but larger stocks slipped as the dollar weakened, while bond prices rose and rates fell. The GDP for Q1 grew 3.4 percent. international markets varied with mixed gains and losses. Dow fell 2.59 to 3,667 with 1,246 up, 882 down, 702 unchanged. volume 263.88 million.
The Commerce Department reports GDP rose 3.4 percent in the first quarter, driven by consumer spending despite harsh winter. Analysts say growth remains solid but hints at a slowdown ahead as higher interest rates loom. Clinton administration notes stable growth with low inflation.
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